Market Forecast By Offering (Solutions, Services), By Parking Site (Off-street Parking, On-street Parking), By Deployment Type (Cloud, On-premises) And Competitive Landscape
Product Code: ETC4433059 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Romania Parking Management Market witnessed growth during past years owing to increasing urbanization, residential developments and a rise in the total stock of offices. For instance, the total stock of class A and B grade offices in Bucharest reached 3.32 million square meters at the end of 2022 and a 9% annual increase in unit sales throughout 2022 has been witnessed in the Bucharest-Ilfov region. During Q1-Q3 2022, 52,794 new homes were delivered in Romania out of which 16,163 new homes were delivered in Bucharest alone. Additionally, the growing number of vehicles on the road of Romania has fueled the demand for on-street and off-street parking, thus boosting the overall parking management market.
According to 6Wresearch, Romania Parking Management Market revenue is projected to grow at a CAGR of 5.8% from 2023-2029. The government of Romania also putting efforts to increase the urbanization rate on the back of policies such as the Romanian Urban Policy, and Cohesion Policy in 2021-2027. According to the Word Bank, the country is expecting to witness a 10.65 million urban population by 2030 from 10.33 million in 2022. Moreover, the Urban Regeneration trend in the nation i.e., transforming the old buildings into new ones has been supported by the project of HILS Development in Bucharest that would feature 20,000 sqm of offices, schools, 50,000 sqm of commercial areas, paths for bikes, sports, wellness and entertainment facilities. Also, it is expected that the country will reach 9.2 million vehicles on the road in 2025 from 7.5 million vehicles in 2020. Such factors would be driving the need for establishments of on-street parking and off-street parking and therefore, leading to the demand for parking management solutions and services, thus would boost the entire parking management market during the forecast period.
As urbanization and vehicle ownership continue to rise, there is a growing demand for efficient and technology-driven parking management systems. Solutions such as smart meters, mobile apps, and sensor-based technologies are expected to play a pivotal role in optimizing parking operations.
Off-street parking site has acquired the largest revenue share in the Romania parking management industry in 2022 and is expected to further dominate the parking management market owing to off-street parking facilities such as parking lots and garages, typically offering a larger number of parking spaces compared to on-street options. This availability makes it more convenient for drivers to find parking without circling the streets.
Cloud-based parking management accounted for the major revenue share in Romania’s overall parking management market as it reduces hardware and maintenance costs and provides authorities to monitor and manage multiple locations simultaneously.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of the Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Romania Parking Management Market Overview |
3.1 Romania Parking Management Market Revenues, 2019-2029F |
3.2 Romania Parking Management Market-Industry Life Cycle |
3.3 Romania Parking Management Market-Porter’s Five Forces |
4. Romania Parking Management Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Restraints |
5. Romania Parking Management Market Trends & Evolution |
6. Romania Parking Management Market Overview, By Offering |
6.1 Romania Parking Management Market Revenue Share and Revenues, By Offering, 2022 & 2029F |
6.1.1 Romania Parking Management Market Revenues, By Solutions, 2019-2029F |
6.1.2 Romania Parking Management Market Revenues, By Services , 2019-2029F |
7. Romania Parking Management Market, By Parking Site |
7.1 Romania Parking Management Market Revenue Share and Revenues, By Parking Site, 2022 & 2029F |
7.1.1 Romania Parking Management Market Revenues, By On Street Parking, 2019-2029F |
7.1.2 Romania Parking Management Market Revenues, By Off-Street Parking, 2019-2029F |
8. Romania Parking Management Market, By Deployment Type |
8.1 Romania Parking Management Market Revenue Share and Revenues, By Deployment Type, 2022 & 2029F |
8.1.1 Romania Parking Management Market Revenues, By Cloud, 2019-2029F |
8.1.2 Romania Parking Management Market Revenues, By On Premises, 2019-2029F |
9. Romania Parking Management Market Key Performance Indicators |
10. Romania Parking Management Market Opportunity Assessment |
10.1 Romania Parking Management Market Revenues, By Offering, 2029F |
10.2 Romania Parking Management Market Revenues, By Parking Site, 2029F |
10.3 Romania Parking Management Market Revenues, By Deployment Type, 2029F |
11. Romania Parking Management Market Competitive Landscape |
11.1 Romania Parking Management Market Revenue Ranking, By Companies, 2022 |
11.2 Romania Parking Management Market Competitive Benchmarking, By Operating Parameters |
12. Company Profiles |
12.1 KADRA - Access engineering. |
12.2 Amano Europe Holdings NV |
12.3 Rosslare Enterprises Ltd. |
12.4 OTRA Solutions BV |
12.5 SKIDATA GmbH. |
12.6 Tritech Group |
12.7 Designa Romania |
12.8 Interparking Group |
13. Key Strategic Recommendation |
14. Disclaimer |
List of Figures |
1. Romania Parking Management Market Revenues, 2019-2029F ($ Million) |
2. Romania Urban Population, 2022-2030F, million |
3. Romania New EV and PHEV Registrations, 2020-2022, Units |
4. Romania Parking Management Market Revenue Share, By Offering, 2022 & 2029F |
5. Romania Parking Management Market Revenue Share, By Parking Site, 2022 & 2029F |
6. Romania Parking Management Market Revenue Share, By Deployment Type, 2022 & 2029F |
7. Total Individual Residential Units Sold In Romania, 2017-2022. (In thousand) |
8. New Home Deliveries In Romania, 2017-2022. (In thousand) |
9. Bucharest Office Stock Annual Evolution, 2017-2022, (In thousand) |
10. Sector Wise Share for Office Spaces in Romania, 2022, (In %) |
11. Romania Parking Management Market Opportunity Assessment, By Offering, 2029F |
12. Romania Parking Management Market Opportunity Assessment, By Parking Site, 2029F |
List of Tables |
1. Romania Parking Management Market Revenues, By Offering, 2019-2029F ($ Million) |
2. Romania Parking Management Market Revenues, By Parking Site, 2019-2029F ($ Million) |
3. Romania Parking Management Market Revenues, By Deployment Type, 2019-2029F ($ Million) |